Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) Stock Price Up 10.1% – Time to Buy?

Direxion Daily Semiconductors Bear 3x Shares (NYSEARCA:SOXS) shares rose 10.1% during trading on Monday . The company traded as high as $26.17 and last traded at $26.31. Approximately 8,789,832 shares were traded during trading, a decline of 81% from the average daily volume of 47,171,043 shares. The stock had previously closed at $23.90.

Direxion Daily Semiconductors Bear 3x Shares Trading Up 3.8 %

The stock has a 50-day moving average price of $20.84 and a 200 day moving average price of $21.72.

Hedge Funds Weigh In On Direxion Daily Semiconductors Bear 3x Shares

Institutional investors have recently added to or reduced their stakes in the stock. Optiver Holding B.V. acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $37,000. PayPay Securities Corp acquired a new position in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at about $65,000. Edgestream Partners L.P. purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 3rd quarter valued at approximately $397,000. Corient Private Wealth LLC purchased a new stake in Direxion Daily Semiconductors Bear 3x Shares in the 4th quarter valued at approximately $573,000. Finally, Vontobel Holding Ltd. boosted its holdings in Direxion Daily Semiconductors Bear 3x Shares by 27.3% in the 4th quarter. Vontobel Holding Ltd. now owns 28,425 shares of the company’s stock valued at $639,000 after purchasing an additional 6,095 shares in the last quarter.

Direxion Daily Semiconductors Bear 3x Shares Company Profile

Direxion Daily Semiconductor Bear 3x shares seek daily investment results of 300% of the inverse (or opposite) of the price performance of the PHLX Semiconductor Sector Index (Semiconductor Index). The Semiconductor Index measures the performance of the semiconductor subsector of the United States equity market.